Have You Closed Your Books Today

July 26, 2015

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A bedrock principle of office management is that financial books and records must be correctly and consistently closed out each day and at the end of each month. Unfortunately, many offices fail to follow this simple principle. Without this important internal system of management, you can never be sure of the accuracy of your books and records, or whether or not an employee is embezzling.

It is essential that closing out the books be done with painstaking attention to detail. Without this sort of attention, costly mistakes will be made. With so much at stake, you should take a close look at what is being done in your office. Check your procedures against this overview.


To continue reading this article, click here: Have You Closed Your Books Today

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